Wednesday For all the glaring faults and failures of paper money, it is the more subtle effects that are the most damaging. The emphatic truth is that paper money only exists because of the desire of politicians to inflate the money supply in order to buy votes and to wage wars. There are no other reasons. The vote-buying passes under the innocuous title … [Read more...]
GDP
Wednesday I have been trading in the same style of business since 1967. In my own experience, and coupled with conversations with other business owners around Australia, this is the worst recession for fifty years. More severe than 1982, the previous worst of my experience. This is a real doozy. There is no sense of any sort of a recovery. Quite the reverse, a number … [Read more...]